Ledger closes non-standard auto insurance securitization with AlphaCat

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ORIGINAL PUBLICATION HERE Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat. The transaction is a step away from the more typical property catastrophe risk exposures that are securitized […]

ORIGINAL PUBLICATION HERE The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports. Blockchain, also dubbed distributed ledger technology, is the technology behind digital currencies such as Bitcoin […]

ORIGINAL PUBLICATION HERE The nuanced complexity of a re/insurance contract makes it an unrealistic candidate for replacement by blockchain smart contracts, according to independent investment management firm Solidum Partners. A smart contract is essentially an immutable piece of code embedded into the blockchain that can execute binary decisions such as the automatic transfer of value […]

ORIGINAL PUBLICATION HERE Technology revolution: a report and panel discussion has looked at Bermuda’s potential to lead a revolution in the use of new technology in the reinsurance sector. Bermuda could spark a “reinsurtech” revolution, which combines insurtech with the island’s reinsurance expertise, according to panellists at an industry round table of experts hosted by […]

ORIGINAL PUBLICATION HERE The relentless evolution of insurtech will ultimately mean job losses and potentially a decline in the requirement for reinsurance globally, Clive O’Connell, partner and head of insurance and reinsurance at law firm McCarthy Denning, told Monte Carlo Today. He said it will make reinsurers more efficient and revolutionise the reinsurance landscape in […]

ORIGINAL PUBLICATION HERE 12 months ago, a surge of interest in ‘InsurTech’ prompted a serious case of the FoMOs in many (re)insurance CEOs. This year, that Fear of Missing Out has been replaced by a fear of becoming distracted by unproven, niche technologies that are unlikely to move the dial. Oxbow Partners has helped many […]

Hiscox offers cyber ILW capacity based on PCS trigger

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ORIGINAL PUBLICATION HERE Hiscox Re & ILS, the reinsurance and third-party capital management unit of global re/insurer Hiscox, has announced that it is to offer a new cyber industry-loss warranty (ILW) product, which will provide aggregate limits based on the use of a PCS industry loss trigger for global cyber underwriting losses. The cyber ILW […]